According to the research literature titled ‘Asia Pacific Car Care Products Market Size By Body Part, By Product, By Application, By Distribution Channel, Research Report, Country Outlook, Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2021 - 2027’, available with Market Study Report, Asia Pacific car care products market is expected to register a healthy growth rate throughout 2021-2027.
 

Surging demand for vehicles, especially electric vehicles, and subsequent surge in the demand for maintenance solutions is augmenting Asia Pacific car care products market growth. Moreover, high popularity of luxury cars among millennials and high net worth individuals is also drafting favorable conditions for the industry development.
 

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For the record, car foam, microfiber cleaning cloth, car shampoo, glaze, ice scrapper, car wax, and car polish are among the most utilized products in the market. The application of these products improves the efficiency of cars as well as the aesthetic value.
 

Based on product type, the market is fragmented into wax & cleaning, glaze & coating, and others. Among these, wax & cleaning segment captured 70% market share in 2020 and will likely surpass USD 3.4 billion by the forecast period end. The segment growth can be credited to extensive use of car shampoo, car wax, car soap, and car polish to efficiently eliminate tree sapping, dirt, bird droppings, and other unwanted substances from car surfaces.
 

Considering the application scope, DIY segment is expected to pull the Asia Pacific car care products industry share from DIFM segment over the assessment period. Low product costs is favoring the segmental expansion, especially amid the Covid-19 induced financial restraints among customers. Lower technical knowledge requirements for installation of simple products such as lighting products, glass, glass, and certain electrical parts are adding to segment growth. Besides, growing popularity of online platforms is increasing sales from DIY consumers.
 

On the geographical front, China is anticipated to capture over 40% market share by the 2027, creditable to rapidly developing automobile and transport industries, and rising purchasing power of the population. Moreover, growing trend of adopting car was apps by car wash facilities is likely to boost the industry growth across the country.
 

Prominent players in Asia Pacific car care products industry space are Carchem Products Pty Ltd., Refract Car Care Products, Hikari Dalian Factory Automation Industry Co. Ltd., Sensha Co. Ltd., Green Duck Industries, Jangra Chemicals Private Ltd., Miracle Systems LLC, Guangdong Veslee Chemical Science and Technology Co. Ltd., Zhongshan Datian Car Care Industry Inc., Ningbo Shinsan cleaning products Co. Ltd., and 3M Co.